Europe should not set a cap on gas prices, Norway's prime minister says
Jonas Gahr Støre said Europe should avoid capping natural gas prices despite a sharp rise linked to Middle East tensions. He added that Norway will continue to supply reliable energy to the continent.
Reuters
March 12, 2026
Norwegian Prime Minister Jonas Gahr Stoere attends a joint press conference with Ukrainian President Volodymyr Zelenskiy, amid Russia's attack on Ukraine, in Kyiv, Ukraine February 25, 2026.
Alina Smutko/Reuters
Norway's Prime Minister Jonas Gahr Stoere said on Thursday that it would be unwise for Europe to cap the price of natural gas, which has risen some 60% in the wake of the U.S.-Israeli war on Iran.
He said Norway, Europe's biggest supplier of gas, would remain a reliable provider of energy to the continent.
Europe refrained from capping gas costs during a surge in prices following Russia's 2022 full-scale invasion of Ukraine, and Norway will continue to argue against such a cap, Stoere told an energy conference in Oslo.
-Reporting by Nora Buli, editing by Terje Solsvik/Reuters
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